The open interest for ADA futures rose to $580 million, flipping Litecoin to become the third-largest derivatives market.
BCH price has decreased by over 96% in value against BTC over the past three years.
Golem price has rallied 230% since the start of February and on-chain data shows an uptick in active addresses and transfers.
Data shows pro traders opened new leveraged long positions even as Bitcoin price dropped to $45,000 and $5.9 billion in futures contracts were liquidated.
Eventually, Bitcoin price will run into overhead resistance. Here’s how pro traders use options to profit from and protect against downside moves.
Today’s $1.6 billion Bitcoin liquidation event might have flushed out some over-leveraged retail investors, but the overall market is still positioned in favor of bulls.
Using multi-leg options can give traders a less risky way to invest in Ethereum price as it pushes above $2,000.
Bitcoin’s rally above $56,000 shifted Friday’s options expiry entirely in favor of bulls
Bitcoin’s rally to $54,850 boosted its market capitalization above $1 trillion, a feat which took Amazon and Google decades to achieve.
Data suggest retail traders are over-optimistically using leverage to long Ethereum, whereas pro traders remain skeptical about ETH’s short-term prospect of reaching $2,000.